CAW Applauds Federal Government Move to Guarantee Warranties, Money for Parts Firms

    TORONTO, April 7 /CNW/ - CAW President Ken Lewenza commended the federal
government for its pledge to guarantee the warranties of Chrysler and General
Motors vehicles and provide additional funding for auto parts suppliers, as
announced earlier today by federal Industry Minister Tony Clement.
    The move follows a similar announcement by U.S. President Barack Obama
last week.
    "This is a very encouraging sign that the federal government understands
the necessity of a multi-pronged approach to revitalizing the auto industry,"
said Lewenza.
    The additional monies to Export Development Canada for accounts
receivable insurance to auto suppliers in the case of non-payment will
hopefully mean that fewer auto parts companies will be shuttering plants and
throwing thousands of people out of work, hollowing out communities, said
    Lewenza also encouraged the federal government to consider an auto
scrappage incentive program, an initiative that was included in the Obama auto
announcement and has had great success in Italy, Germany and other
auto-producing countries. A scrappage program provides an incentive to turn in
older, more polluting vehicles in favour of purchasing new ones.

For further information:

For further information: CAW Communications Shannon Devine, (cell) (416)
302-1699; John McClyment, (cell) (416) 315-3202; or Angelo DiCaro, (cell)
(416) 606-6311

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Canadian Auto Workers Union (CAW)

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